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BACK TO BACK LOAN

BACK TO BACK

LOAN

Back to Back Loan

A loan for the depositors of Mount Carmel Rural Bank Inc., which is secured by Certificate of Time Deposits and/or Savings Passbook with auto debit agreement.

Eligible Borrowers

Depositors of the Bank

Loan Purpose

Acquisition of house and lot ; House construction/renovation/improvement ; Working capital for business ; Personal consumption / Other purposes

Security

Certificate of Time Deposit/Savings Passbook

Offers Competitive Interest Rate

Flexible Terms and Mode of Payment

Basic Requirements:

  • 2 Valid ID’s of Applicant/s
  • Latest Residence Certificate of Applicant/s
  • Latest ID Picture of Applicant/s (2×2) 2pcs.
  • Latest Income Tax Return (if any) / T.I Nos. of Borrowers
  • Proof of Billing
  • Bank’s Statement (if applicable)
If Applicant is Employed:
•  Latest Certificate of Employment or
•  In lieu of COE, duly signed employment validation
•  Latest 3 months Payslip
•  Employment Contract (if applicable)


If Applicant is a Proprietor:

•  Business Permit (Barangay Business Permit, SEC Registration, DTI Permit, Mayor’s Permit)

•  Latest General Information Sheet

•  Articles of Incorporation or Partnership

•  Board Resolution Authorizing the Loan

•  3 years Latest Audited Financial Statement (AFS)

•  Proof of Business Transaction (if applicable)

•  2 Valid ID’s of Authorized Signatories/Representative (Applicant)

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Head Office Address:

J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217


Email:

kapartner@mcrbi.com.ph

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